Mattel beats third quarter earnings and revenue estimates

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Mattel beats third quarter earnings and revenue estimates

Julian Close 10/16/2013

Shares of Mattel ( MAT ) are trading higher this Wednesday morning, after the company announced its third quarter results. The company earned $1.21 per share, which beat The Street's estimate by 8%. Revenue was also slightly better than was forecast. Matel further claimed to have experienced growth in every region of the world in the third quarter, including an increase of 4% in European sales, despite Europe's toy industry's having had flat sales.

Mattel ( MAT ) is a global toy company comprising many well known brands including Barbie and Matchbox.

VisionChina ( VISN ) and Abbot Labs ( ABT ) top the list of other companies with positive news today, while Stanley Black and Decker ( SWK ) and Exelon ( EXC ) top the list of companies with negative news.

IK-> The technicals for MAT are bearish with a possible trend reversal. Support and resistance are not clear. The stock is up 3.6% today at $43.06. The company reported earnings today. Look at the January 36/38 bull-put spread for at least a $0.20 credit. USE LIMIT ORDERS. This trade has a target return of 11.1% and the stock has to fall 11.8% to cause a problem. [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: ABT , EXC , MAT , SWK , VISN

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